St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-04
On the Chicago Board Of Trade Wheat
Was Somewhat Dull and
Dragging.
Transfers We're Altogether Local and AL
most Exclusively of Scalp
ing Nature.
The Visible supply Statement is Ex-
pected to Show small
Decrease.
Transactions in the Financial Cir
cles of Wall Street--General
Quotations.
Special to the Globe.

CHICAGO. April May wheat did not sell
lnder S41lc, There were some reports of
damage TO the crops of Ohio and Indiana, but
on the other hand the news from abroad was
very bearish. Private Liverpool cables said
hat wheat was being sold there at price
considerably under the quotations sent by the
official cable. There is certain to be some
Duluth wheat brought here and experiments
are now going on with il. If rates can be got
from the Chicago, Burlington s. Northern,
there is no reason why money should OF be
made out of it. Toward the close George
c. Walker & Co., one of the
clique houses, were buyers of several
hundred thousand bu shells, and the price of
May touched S254@S25sc. The close at l
o'clock was easy at S2$sc The estimates on
the visible supply of wheat are for a decrease
Of 100000 bushels. 1t was the talk gen.
orally this morning that the wheat clique had
made blunder in breaking the price from
S41ac to seize. II was argued that with the
advance attained so early yesterday, sus-
tanned up to the close and with
a GOOD STIFF OPENING
this morning there would have been an army
of outside supporters on hand to-day to help
long the bull movement. The break, how
ever, which it was claimed was plainly the
work of the cliQues had lost the "tailerS''
money and would not only disgust but dis
courage outsiders. The result would be a
j
Il week ago. 1t would have to be enlivened
again after a great deal of pains and manipu-
iation. This was the talk presented, of
course, by the outsiders. They were a little
sore and forgot that they were not By any
means running the wheat deal themselves
and not responsible for the blunder The
clearances of wheat for the seaboard were lib
eral PA, 600 bushels but attracted no attention.
The May option at S212c was steady for
awhile because everybody had it that the
clique would let the price off to SIC and theu
whirl it up next week to SSc. There were
enough who wanted some wheat on the whlrl
10 make the pit steady for an hour. Then
the price broke. 1t is supposed that Armour
bought wheat in all the surrounding markets
yesterday, and sold here for may. If rich
operator, who doesn't care for the matter of
margin, can get the wheat in these other
markets, he has a profit in sight from the
start.
THE ROUTINE REPORT.
CHICAGO, April 2.-Wheat was dull and
dragging to-day and prices show a shrinkage of
sc on the closing at 2:30 yesterday. Trading
was altogether local and almost exclusively
OF scalping nature. For May, Liverpool,
S214c was the opening, S21sc the highest, and
S21sc the lowest, with 8214c the closing. The
visible supply statement is expected to show
a decrease Of about 1000 bu. AT eight points
the receipts were $4,000 blu and the ship
ments $4,000 blu. Corn was weak, all the
features being of depressing character.
May sold at 392s@395sc and closed at the in
side Provisions were weak at the start and
the market became exceedingly dull. Short
ribs broke 2215c and lard 21aG.5c.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2, April. opened at 7634c. clos
ing at 1890; May, S21ac, closing at S2Hc;
June. S119c, closing at S05ac; July, 1890,
closing at 1896. Corn-No 2, April, 343Sc,
closing at sac: May, 5000, closing at
1890; June, 4O1ac. closing at 4O2sc: July,
4l34c. closing at 419sc. Oats-No. 2 April
232sc, closing at 1880; May, 2S5sc, closing at
2S5sc; June, 2sc, closing at 29c. Mess
pork, per barrel-April, rs, closing at
$2G.75; May. $21, closing at sci; June, S2l,
closing at 81. Lard, per 100 pounds-Apri,
S1.25. closing Mt S7.25; May, $7.321La, closing
Ut S7.35; June, S7.421@, closing at $40.
short ribs per 100 pounds-April, SIS, clos
ing at $50; May, 1885, closing at
Ss.171z; June, $3.50, closing at Ss.25.
lash quotations were as follows:
Flour dull and unchanged. Wheat-No. 2
spring, S0$sc; No. spring, 75c: No. 2 red,
SC@S01ac. Corn-No.2. 35@35s4c. Oats-No.
:. 235sc. Rye--No. 2, 541ac. Barley-No. 2,
SIC Flax Seed-No. l, S1.0S7a. Timothy
Seed-Prime, $l.69@l.70. Mess pork per
Dbl, 0.50@20.75. Lard, per 100 lbs, $3.50
1918. Short ribs sides, loose, Ss.95@s; dry
sailed shoulders, boxed, $8.109625; short
clear sides, boxed, SS.50@S.55. Whisky, dis
tillers' finished goods. per gal, S1.1S. Sugar
Cut loaf, 6A@65sc; granulateG, 61sc; stand
ard A, sac. Receipts-Flour, $4,000 bbls;
wheat $1,000 bu: corn, Isl, 00c blu: oats, 1885,
600 blu; barley, $4,000 bu. Shipments-Flour,
$4,000 bbls; wheat, 100000 bu: corn, 146,-
600 blu: oats. 100000 bu; rye, 1000 bu; bar
ley, 10000 blu. On the produce exchange
to-day the butter market was weak; cream
Try, 23029c per b; dairy, 1S025c. Eggs, 1115c
Der doz.